GOVERNMENT

May 23, 2018

Global issues and important strategies, including the digital age and its impact on building a ‘green’ and sustainable future growth across industries will form the agenda for the upcoming World Green Economy Summit (WGES 2018) in Dubai, UAE.

The fifth edition of the summit is set to take place from October 24 to 25 under the patronage of Sheikh Mohammed Bin Rashid Al Maktoum, Vice"... Continue Reading

May 22, 2018

On a former battlefield of the 1991 Gulf War, deep in Iraq’s southern desert, a Kuwaiti investor is looking to grow 100,000 date palms and build a nature reserve complete with ostriches and deer. Few Kuwaiti firms have returned to do business in Iraq since Saddam Hussein’s 1990 invasion of its smaller neighbour and its UN-led liberation a year later. But businessman Abdul-Aziz Al- Babtain is"... Continue Reading

May 22, 2018

Kuwait-based Equate Petrochemical Company, a global producer of petrochemicals, recently earned the Leed-Silver Building Design & Construction (BD+C) certification for its new headquarters, which fully complied with the US Green Building Council Leed program, thus becoming a pioneer for green buildings in Kuwait.

Leed, or Leadership in Energy and Environmental Design, is the most widely"... Continue Reading

May 20, 2018

The State of Kuwait has submitted a draft resolution to the United Nation Security Council Friday calling to making arrangements to guarantee safety and protection of the Palestinian civilians in the occupied territories, including the Gaza Strip.

The draft resolution, of which KUNA has obtained a copy, the State of Kuwait condemns"... Continue Reading

May 20, 2018

For the first time since November 2014, oil crossed US$80 a barrel last week fueled by fears that revived sanctions on Iran by the US could reduce crude exports from OPEC’s third-largest producer. In addition, the decline in recent months of crude exports by Venezuela has further roiled an already taut global oil market.

Global"... Continue Reading

May 19, 2018

The Parliament, in its regular session Wednesday, approved the report of the Budgets and Final Accounts Committee on the draft laws adopting the final account of the Public Authority for Roads and Land Transport for fiscal 2016/2017 and linking the authority’s budget for fiscal 2018/2019, in addition to the reports of two supervisory bodies.

The"... Continue Reading

May 17, 2018

President Rodrigo Duterte on Wednesday has ordered the total lifting of the deployment ban of workers to Kuwait upon the recommendation of Presidential Special Envoy to Kuwait Abdullah Mama-o “President Rodrigo Roa Duterte tonight instructed Secretary Silvestre Bello to totally lift the ban on deployment of Filipino workers to Kuwait,” Presidential spokesperson Harry Roque said in a statement"... Continue Reading

May 16, 2018

The halal marketplace is emerging as one of the fastest growing segments in the world food business today. The global halal food market is now worth an estimated $667 million, representing close to 20 percent of the entire global food industry. It is anticipated to reach USD 2.55 trillion by 2024.

According to economists, the halal"... Continue Reading

May 16, 2018

Kuwait has reportedly delayed the launch of VAT until 2021 at the earliest but will go ahead with the implementation of excise tax.

Kuwait parliament’s budget committee said in a statement posted on the assembly’s website that the introduction of VAT had been postponed.

“The"... Continue Reading

May 14, 2018

The State Treasury expects to make $2 billion following the application of the value-added tax (VAT), reports Al-Rai daily quoting sources from the Ministry of Finance.

The sources pointed out the ministry has estimated its forecasts, according to a study prepared in cooperation with the Ministry of Commerce and Industry and the"... Continue Reading